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they know that these sanctions have absolutely crippled that economy. and so, what we would risk doing here in implementing a new round of sanctions is not just screwing up the negotiation, but sending a message to the iranian people, who are frankly way more pro-american than people might think -- >> right. >> -- that we aren't really serious about ultimately doing the deal they want. the hard-liners are isolated right now in iran, and we are, frankly, going to empower them if we show up at the table in the middle of these short-term negotiations with a new round of sanctions that even though they may take place in the future. this is about building confidence with the negotiators on the iranian side but also the iranian people. >> there's a political dimension to this. one of the polls we have, which is from reuters ipsos, on support for this deal show 2-1 support for it, which i was heartened to see. that doesn't necessarily reflect what i saw necessarily in the pundit class. but there's another moral dimension to this. i've heard a lot of people, along with some of your colleagues and c
economy could make the fed take off the training wheels. signs of recovery could pressure the federal reserve to start pulling back its $85 billion monthly stimulus program. the fed just released its beige book. it shows modest to moderate growth. finally, there are some concerns that holiday retail spending is off to a slow start. mean while, president obama turned from health care to the economy offering what the white house billed as a major address on american unequality. some are calling it a early preview of the state of the union and the upcoming initiatives to help the middle class. >> while we don't promise equal outcomes we strive to driver equal opportunities. a grandson, a son, a father, as an american, is to make sure that every striving hard working optimistic kid in mark has the same incredible chance this country gave me. over the course of the next year and rest of my presidency, that's where you should expect my administration to focus all of our efforts. >> let's look at that new address with friend of the show josh barrow, politics editor at business insider. welco
? >> describe the state of how you see the south african economy and the relationship between the united states and this current south african government. >> it's a dynamic moment in the relationship, chuck. you know that the fastest growing economies on the globe are in africa. south africa is the economy that has been stagnant over the course of the last few years following the recession that all of us are struggling to recover from. i will tell you that over 600 american countries on the ground here in south africa are bullish and optimistic about the future here spent a lot of time talking to both investors and young people who were entering the job market here and they are optimistic about the opportunities, but they know there real challenges particularly around education to make certain there is a sustainable economy and the shared prosperity this this country. >> one of the things i want to do with you, you were talking with andrea off camera and i am glad you brought up the cold war point. history and a reminder of what that -- how frankly we were behind the times as a government when
't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per child. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out the successful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in inner city neighborhoods. in detroit in november, 97% of detroit voters supported president obama. 2% voted for rom thi. the black unemployment rate nationally is still 12.5% and right now, president obama is calling out the gop for what he says is your party to extend long-term unemployment benefits. take a look at what he says. >> for decades, congress has voted to offer relie
. it will be good for our economy. it will be good for our families. [ applause ] number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they're found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of plants packing up, land-locked rural areas where young folks oftentimes feel like they've got to leave just to find a job. they're communities that just aren't generating enough jobs anymore. so we put forward new plans to help these communities and their residents because we've watched cities like pittsburgh or my hometown of chicago revamp themselves. if we give more cities the tools to do it, not handouts but a hand up, cities like detroit can do it too. so in a few weeks, we'll announce the first of these promise zones, urban and rural communities where we'll support local efforts focused on a national goal. that is, a child's course in life should not be determined by the zip
employment rate hit a five-year low of 7%, an encouraging sign for the u.s. economy. the job creation news sent stocks soaring today, a rare sign. the dow added 199. the s&p 500 gained 20. the nasdaq finished ahead 29. for the week, the dow lost 0.4 of a percentage of a point. to break down the jobs report for us is melissa francis in new york. she's the most of "money with melissa francis" on the fox business network. the jobs number better than expected. still not robust, but pretty good? >> absolutely. it was better than expected. most economists were looking for less than 200,000 jobs, 203,000 is what came through. 7% unemployment. that is the 60th straight month we have seen employment over 7%. if you look at the average amount of money earned per hour, the number of hours worked per week, those ticked up slightly. and the participation rate is so important. last month it was at a 35-year low. it has ticked up, but just slightly. 63% of people out there consider themselves part of the workforce, either working or even looking for a job. that means that the rest of the population has g
's everyday reinvesting for your personal economy. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is. 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ arlie ] try zinc free super poligrip. >>> i'm harris faulkner. this is "the fox report." it is the bottom of the hour. if you're joining us, an american u.s. veteran jailed in north korea is finally home tonight. 85-year-old merrill newman says he tried and he's tired and rea
the future of their economy. >> reporter: for more than ten years the money market in kabul has done a roaring business. foreign aid and investment poured into the economy, and afghans making money honestly or otherwise, traded in foreign exchange. now it's bus yeser than ever because of increasing anxiety of the local currency of the afghani. the president of afghanistan is still refuse to go sign the security pact with the u.s. that would mean some foreign forces would remain after 2014. but billion dollars of aid would remain. with that the economy is expected to collapse without that. that is causing fear in the business community. >> if it is not signed then people will be panicked and it will effect the country. it is disappointing and our businessmen are not investing. people are worried because they cannot work confidently. >> at afghans panic and exchange their money for u.s. dollars the afghani dollar is being devalued. where much of the food is imported prices are going up. >> reporter: this is where afghanis come to spend their hard earned money, but food price versus gon
of like the economy last time around. we'll see. thanks so much. bill: i have been hearing that line for 3 years. give me a break. fox news alert minutes away from an answer from spa bankrupt american. the motor city is struggling with $18 billion in debt. mike tobin is at the courthouse. what as expected today. good morning. judge steven road is expected to rule on two points. the first point is whether the city is insolvent. the second point is whether the city negotiated in good faith. that is a little more subjective. attorneys representing pensioners say they were in talks with the city. so we'll watch that. if the judge rules that the city is eligible to move forward with bankruptcy protection they move forward with what's called the plan of adjustment, the largest debt restructuring of a municipality in u.s. history. if the judge says the city is not eligible for bankruptcy, the city gets flooded with a new round of lawsuits from creditors and the motor city has one big problem. bill: what's the chance those people lose their retirement in this deal? >> reporter: that's the issue th
be a big win for the u.s. economy going forward. explain. >> we know the human toll. you heard the mayor bing talk about it. kevyn orr talked about it. no doubt. human beings lives are at stake and promises were made. but you have -- and dive just mentioned the previous guest, this unhoe live alliance where unions push politicians, who did them favors, making the unions stronger and able to push in the same policies. this beneficial cycle of power sharing that really helped to bankrupt not just detroit but a wheel lot of other places on the brink. these were very -- promises made over a long period of time, and if we were being honest about it, up -- people could see this coming for a long perfected of time but you had this powerful power structure, and this is what they -- >> talk about a human toll, a big toll on taxpayers. >> mayor bing said, you weigh the consequences and, yes, there's some part is going to come out hurt, and this particular caves it was the unions, but -- >> it's not the first time, right? in the case of the private companies -- we can go back to the days of steel a
. it could cost a nation. >> congressional budget office estimates the law will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican party's renewed political life. >> i know that everything is not going to change in a year. but if we don't start now we're not going to have anymore success in four years, eight years or 12 years. >> joining me now back in this reality, is the president of the national council. based on the surprising staffing choice, janet, this staffing choice, staffing choice of members of congress don't normally make news, but this one did. it got tons of attention, the senators tweeting congratulations. why all the hubub about a staffer? >> well, i think it is important, as somebody who worked on capitol hill
. but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunctioning, they created their own website to malfunction, right? they weren't served a gift of a mal
in our economy. >> joining me today, "washington post" columnist jonathan capehart, former white house press secretary and founding partner off-almost said founding father -- founding father and partner of inside agency robert gibbs, congressional reporter for buzz feed and political reporter and white house correspondent at the "huffington post" sam stein. we talked a lot about the pizza versus the pizza box. after the gop autopsy, the republican conviction they didn't actually need to change the product they were selling, they just needed to change the marketing. it's unbelievable me, the whole 47% thing clearly has not made a dent. nowhere do you see that in a more pronounced fashion than republican talking points on unemployment. >> largely, if you ask most members of the gop, 47% to them wasn't a gaffe, it's a belief. i heard it in debates i had with people all of last year before the tape was uncovered. i do think, look, this is one of those things that the republicans will either learn this the easy way or the hard way. i remember watching these debates about unemployment insura
from taxpayers to get by. we heard the president speak about the economy. i just want to remind everybody what he had to say. take a look. >> we know there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off, and are still living at or barely above poverty, and that's why it's well past the time to raise a minimum wage that in real terms right now is below where it was when harry truman was in office. >> so, paul, if we look at certain states, california, new jersey, new york, they've raised minimum wage requirements, but on a national level, how effective are demonstrations like what we'll see today to help elevate the conversation to where it needs to be? >> i've been following involved with wage campaigns for more than 20 years. i've never seen this level of national focus and momentum, and in particular, states are already starting to act and they're pushing for much more significant increases in the minimum wage that bring it much closer to the historic level. the president and congress have called for $10 an hour.
care policy, 59% of americans disapprove. 37% approve. on the economy, a whopping 65% disapprove. 31% approve. and on immigration policy, 60% disapprove of the president's take, just 32% approve. so you can see the president is standing among americans is at its lowest point ever. the question now becomes can the republican party capitalize in the grand ole party still divided between so-called moderate republicans and committed conservatives. the brawl has been going on for years. and right now the tea party is right in the middle of it. according to real clear politics average, a possible presidential candidates. chris christie a moderate is ahead at 189 percent. conservative rand paul 17%. senator ted cruz 12%. florida senator marco rubio 12%. congressman paul ryan 11%. and jeb bush 10.5%: all these men have a chance to run against hillary clinton in 2016. mrs. clinton is far ahead of any democratic challenger and will remain so. with americans disenchanted by obama care and a bad economy, it would seem the republicans would have some momentum, but they don't. because there is no
warren, thank you. we're going to turn to the economy. wall street is reacting positively despite today's better than expected jobs report. i say despite because series of positive results could signal it's time to turn the policies. a net gain of 203,000 jobs. the unemployment rate slid to five-year low of 7%. over the past four months, the economy gained an average of more than 200,000 jobs each month. that's up sharply from the previous four months. okay, if it's jobs friday, it times for our dynamic economic duo, jared bernstein and peter marchi, even you have to feel good about this jobs report. >> i think this is a good jobs report given what we've been through. >> easy, jerry. >> i would like to have more jobs and be around 300,000, 400,000 but i think next year will be even better. so much so i think it is time to start to withdraw the stimulus and start focusing on budgetary priorities in terms of what do we really want to do. what do we really need and worry less about stimulus but more about the fundamentals. we need to rebuild bridges. let's not do that because it's stimulus
away from a drug economy. to a more diverse and traditional egrarian type of economy. so we put in place the road map opportunities. will the afghan people be able to achieve it? much will turn on their governance and their own leadership. but we have laid that opportunity in front of them. i don't think we can back away from the necessity to continue assisting. canada has committed $100 million ongoing. and there is an old legal maxim that says once you start to render assistance, you have to continue. you can't let somebody drown. and i think the international community does recognize that. and also that the stakes are high. there are many, as is the case ongoing, in syria that are playing in this particular part of the world and st needs to win. there needs to be an ongoing and lasting stability in that country, and in that region. >> let me ask about the security conference and you were the founder of this event, in hall fax, and has it developed the way you expected and where do you think it is going to be five years from now? >> well, i'm really proud and i'm humbled the b
care debate is over, that we've got to make this work. the real issue is going to be the economy. the average wages of working americans declined in the past ten years, how do rewe restore growth in the pocket books not just in the stock market for the american people? we've got to lean in on that and start addressing the concerns of parents trying to send their kids to college, get them jobs. retirement security, these are things that have been put on the side and it's really a discredit that congress is focusing on middle class concerns. >> congressman, to that point, we're seeing a rising movement across the country in support of raising the minimum wage, something that republicans and congress seem to have no interest in doing. but are you hearing from constituents that that's a concern to them? do you think ultimately we could see enough pressure brought to bear that even republicans in congress admit that we need to raise the minimum wage that it would be good for the economy and lift a lot of people out of poverty? >> absolutely. when you see the stories about food service
economy works for every working american. that's why i ran for president. the basic bargain at the heart of our economy. this increasing inequality is most pronounced in our country. a child may never be able to escape poverty, because she lacks a decent education or health care. that should offend all of us. what drives me is a grandson, a son, a father, an american, is to make sure that every striving, hard-working, optimistic kid has the same incredible chance that this country gave me. dr. king once said, of all the forms of inequality, injustice in health care is the most shocking. not anymore. if you still don't like obama care, you owe it to the american people to tell us what you are for. not just what you're against. >>> here at 30 rock, we are counting down to tonight's lighting of the famous rockefeller christmas tree. that war on christmas, a lot of hum bug, of course. but as president obama prepares to join in the national tree-lighting on friday, he's got a few other things to attend to. first, including a long list of policy goals that he wants to achieve for the american
the economy is still weak and i think we can accomplish that the next couple of days. >> congressman chris van hollen says he puts the chances of a deal at 50-50 and that any cuts to federal employees' pensions would be a deal breaker, at least for him. >> you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agribusinesses that get huge taxpayer subsidies to have a contribution. >> of course he has a slew of federal employees in his district. joining me now dnc congresswoman debbie wasserman schultz of florida. thanks for being here. now, the "washington post" quotes the head of a bipartisan think tank that this could be declared a victory is an indicator of how low the process has sunk. they haven't really done anything except avoid another crisis. and so i guess for me is are we just doing another version of kicking the can down the road or is there some sort of potential detente between the two parties when it comes to the budget? >> it doesn't appear there's going to be some sort of
as much. what would that be? >> there's a lot of financial insecurity, and the economy is still not strong. so, people still have a lot of concerns about spending too much money, losing their jobs, having insurance to pay for. >> how much does that factor into things? the premium shock or whatever. we're told that it's actually affecting a minority of households but that's at lot of households. >> insurance costs a lot of money and a lot of aging people who are employed have cost sharing, so everything goes up, and if your salary isn't going up or you have some insecurity about whether you'll actually have a job, then you have to consider that when you're out shopping. >> how is this -- i've been covering retail sales for decades on the holiday season. all the same concerns. angst on the part of folks concerned about job security. that was raging even during the internet boom. so, i'm just wondering whether we get too much credence to the gloom and doom or is it different? >> i think people are concerned about their retirement, and there are jobs that are letting people go when they're in
and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney addressed that report a few minutes ago. >> our general contractor has stood up a team of experts working already closely with issuers to make sure that every a 34 form past and present is accurate. we believe that and our confident that they will be able to ensure that accuracy in time for the january 1st beginning of coverage. >> peter alexander joins me. peter, it is a new day, new tone and we will hear from the president shortly. in a sense, maybe not the icing on the cake but certainly a show of confidence in the last 24 hours. >> reporter: it is a show of some public confidence right now. it's certainly a new tone, not clear if it's a new day for the guys that just yet particularly here at the
have given this president so much power to control so much of our economy. i mean, one sixth of our economy. and the fact that he has failed, i think he has to be accountable for this. and -- >> well, mercedes, you're right. >> pr is not going to work for the president. >> mercedes, this is bad management, we have to hold the president accountable for what happened with that website. but that is not the whole story. the story is about trying to improve a health care problem. >> i am telling you, juan, mark my words, and i'll bet any amount for your charity of choice. you cannot fix this plan. it is unfixable. because it is predicated on the redistribution of wealth. the healthy will pay for the unhealthy and the insured. and you still have 30 million uninsured. >> did you tell president bush that about prescription drug benefits? >> yeah, i was against the prescription drug benefits -- >> and against social security, too? >> no, don't put words in my mouth. you're getting cranky, i see those gray hairs coming out. don't make fun of this gray hair, i worked hard for this. >> well, yo
to action. we are a better country than this. the basic bargain at the heart of our economy has frayed. >> we are a better country than this. the president knows. because he's lived the american dream himself. >> i take this personally. i'm only here because this country educated my grandfather on the g.i. bill. my father left and my mom hit hard times trying to raise my sister and me while she was going to school, this country helped make sure we didn't go hungry. when michelle, the daughter of a shift worker at a water plant and a secretary, wanted to go to college, just like me, this country helped us afford it. until we could pay it back. so it drives me as a grandson, a son, a father, as an american is to make sure that every striving hard-working, optimistic kid in america has the same incredible chance that this country gave me. >> the same, the same incredible chance that this country gave him. it's a vision of fairness, jeopardized by a growing gap between rich and poor. look at this chart. this blue line shows the average income of the bottom 90% since 1960. in that time, the
by president bush and more by president obama and the struggles with the economy and everything else. if you look at the polling, it shows a drop in support for democrats and the republicans have not been able to seize control of this. especially gay marriage and marriage equality. that is supported by the generation and for the republicans to take advantage of the opportunity that has been handed them, they will have to handle that really well. most on college campuses, you see here most of the republicans are much more supportive of the issue. it's not a threshold issue. it's critically important otherwise a wasted opportunity to seize support from folks who are looking for other opportunities to support different leaders. >> one thing that the president's reelection campaign benefitted from was turn out specifically about african-americans. they have the turn out machine for 2014. in terms of what will vote in 2013, whites 36%. hispanics 28%. african-americans 27% is down a lot from november of 2009. what do democrats have to do? can they rely on the get out the vote effort or do they hav
at managing the economy, okay at managing crime, not so great managing corruption. as eugene says, what he really stepped forward was his moral vision. he was a brilliant communicator. we expected that of obama. obama, in fact, has not been as president as brilliant a communicator as expected. he hasn't provided the same kind of moral vision in his speeches about health care, the economy -- >> recently. >> lately in touch with that. he's made pragmatic arguments more than this moral framework of an argument. i think maybe there's a lesson there for the white house from mandela. >> also need to think about what mandela was able to accomplish in the arc of history. it was years, very methodical -- even when they were in prison, they were planning for when they got out and what the government needed to look like. that was years and years and years. years and years of a lot of pressure coming from the outside. i actually think if we were going to have any kind of parallel to the united states, we should be asking ourselves what more could we do from the outside to create conditions. part of th
, the latest jobs report is out showing a better than expected 203,000 jobs added to the economy in the month of november with the unemployment rate dropping to 7%. this is now the lowest unemployment rate we've seen since the financial crisis. it comes on the heels of revisions that show the economy growing last quarter at one of the fastest rates since the onset of the great recession. at this pace, 2013 will be the best year for job creation since 2005. congress, of course, still has it in its power to screw things up. but it also has the power to make things better. one of the most persistent bedevilling problems with job creation throughout this entire recovery has been that low-wage jobs have accounted for half of job creation in the past three years according to analysis through april of this year. and congress, if it wanted to, could do something about that today. it could vote to raise minimum wage. and president obama would sign it immediately. so we have reached into the alternate reality in which that happens and we present the latest installment of our series in which those lawma
susceptible to foreign competition and could damage the broader economy. and on the topic of the economy, the november jobs report is out friday. it will be closely watched. some are expecting the unemployment rate to drop as much as .5%, not because americans are getting hired but because the dip in unemployment is due to washington removing more than one million long term unemployed people off the benefit roles. jobless benefits were 1.3 million people set out to run out on january 1st. >> yeah, there is only a few days left for congress to do that. listen, amazon made a lot of news with that drone story delivering packages. it turns out they're not alone in trying this out. >> brian, the drum wars are upon us. it's not just amazon. ups and google are also testing their own versions of delivery drones. u.p.s. neither confirming or denying the reports of the testing and a google watchdog site says the company has been testing drones as recently as february. it looks like we'll be getting drone delivery sometime soon. i'm not sure how they can get in my apartment bulgd. >> i think new yo
about the economy, and jobs in america. we learned today that last month's 203,000 new jobs were created, better than experts predicted. and look at the unemployment rate. down to 7%. and that's the lowest level since president obama took office, the lowest unemployment rate now in five years. >>> on the subject of jobs, our made in america team is back tonight. and thousands of you have already told us, you are in, and ready to buy american made gifts. it's this christmas season. what a gift to give. even just one thing could help create thousands of new jobs right here at home. you are signing up to give american workers a merry christmas, and abc's anchor david muir, captain of the team with us tonight. >> diane, we have reported on clothing right here, asking the simple question is anything made here in america any more. well, tonight not only are these jeans made here, this number right here is about to reveal everything. right down to the farmer, who grew the cotton. this week, our kickoff, made in america december to remember. and the age old question from santa. >> what would you
of people signing up, economy continuing to strengthen, hopefully no washington shutdowns. ♪ >> first impression here was terrible. >> i think there's going to be a lot of negative surprises as to what they're able to enroll in. >> give my creation life! >> i think it's going to be an unfolding disaster for the president. ♪ >> so i still think the foundations of this plan have some of the same kinds of problems that the rollout has had. but they're fundamental, very hard to overcome. and unfortunately, as people enroll -- >> you can't handle the truth! >> it may take until 2017 when this president leaves office. you're going to see almost every state in this country running their own exchanges eventually and expanding medicaid. and i think it will work really well then. ♪ >>> good to have you with us want to, folks. thanks for watching. hope you had a wonderful thanksgiving holiday. ooh, nellie, we had some football games over the weekend, didn't we? you know, there really is no greater rivalry than alabama-auburn. you know, alabama has been awesome. i mean, they've kind of had ev
citizens. let's not do that. >> this killing health benefits is shattering the economy all across the country, in all 50 states. >> of course there are death panels in there. the important thing to remember is that's just one aspect of this atrocious, unaffordable, cumbersome, burdensome, evil policy of obama's. and that is obama care. >> obama care is really, i think, the worst thing that has happened in this nation since slavery. and it is in a way, it is slavery in a way. >> howard, is this the evil empire speech reapplied to obama care? i mean, i've never heard the word evil used to many times. i love the way sarah palin is unbelievely delicious at this. she talks about and those death panels are in there. i love the way she says the death panels are in there somewhere. like they're creeping around inside. >> i mean, sam very rightly and logically said these people should stop because the president said, repeated today, and reminded them that he's going to be in office. he can veto anything. so they ought to calm down. but the fact is when you watch a few of those clips and wh
economy are reason. others say this is more than a temporary shift, noting sharp decreases in driving in rural areas and among after fluent young people. >> it used to be a rite of passage to get a driver's license and now it's not uncommon for people to say why bother. >> analysts say medical enyals will eventually buy cars when they have the money and when they do they'll buy smaller cars with info takenment systems and better energy. >> thanks for that story. >>> new concerns that people signing up on the obama care website may not actually have coverage at all next year. the latest snafu for the troubled health care law. >> we're obviously encouraged by the progress that's been made, but there continues to be a lot of work to do. the work is not about somebody i spoke to today, a reporter that was sort of asking about corners being turned and things and what that means for the president. it's what it means for the people who are trying to get insurance. [ sniffles, coughs ] shhhh! i have a cold with this annoying runny nose. [ sniffles ] i better take something. [ male announcer ]
a pr disaster and though the economy approved, much of main street is not feeling it. the white house will be able to turn public opinion around. >> it has been a tough patch and it's not just health care. the shut down affected everybody, but i think let's fast forward to the state of the union and months afterwards. a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats will point to examples of americans having success with the website. republicans will point to continued problems which they will make as personal as possible. something we saw on sunday. >> i have to grab the other day. his wife is expecting a baby at the end of december. they have a cancellation noti
you hrks this is a drain on our economy. >> if they thought they could control that much of the economy and that much of the policy board, i would see them aiming at that. i think they short term hope that happens. but with 1.5 million people being told they qualify for medicaid, with thousands signing up. with more people signing up for obama care in the last two days than the first whole month of the program, i think the train is out of the station, i think it will be politically influx -- >> rachel, the debate has just changed. you know, when the conversation was only about the inability to get on line, and there was confusion out there, 85% of americans don't need to be concerned with going on line. i will say you have insurance through your employer, nothing is going to change for you. so i think the confusion has really been a detriment. i am from pennsylvania, we don't have our exchange, i probably would have more than two dozen choices. if our governor had cooperated, i think in addition to aetna and in addition to blue cross i would be looking for more solutions.
on that. >> hi there, kate. let's talk about the jobs report in a moment. your economy is three things, jobs, investments and housing. we think of it as the three corners of the triangle. you need all of those for your personal finances and to grow your wealth. small businesses, they seem to be hiring more than the big businesses are by the way. auto sales have been up. you have the signals that are showing the economy doing a little bit better. >> when you're talking about the economy doing better, let's talk about housing. you say there's good news there. >> that's one very important part of your finance triangle. 3% home growth is what zillow was forecasting. mortgage rates moving up, 4.46%. that's not necessarily bad. why? it says the banks might start writing more loans next year. >> historically they're still very low. >> very low, absolutely. anything under 5% is still very low. >> good news. why is the stock market still stalling? >> that's interesting. five down days for stocks over the past week. your 401(k) is up double digits this year, no question. you've seen really good
elect them. but they've realized now that they've been sold a pig in a poke. the economy is not getting better. they're discouraged over the whole thing. they're down on both parties. they're unhappy. >> we have a little bit of the president at a youth summit from the past week hitting on, i guess, maybe this is the beginning of the pr campaign. let's watch that and then i have a tweet i want to share. >> if you're a student body president, set up a spot on campus. open your doors and use an e-mail list to help people learn the facts. if you're a bartender, have a happy hour. >> bartender, really? >> this reflects, and i dare say, pat, i think you would agree with this, desperationen by the president. bottom line, if young people don't sign up, if only 22% or 25% don't sign up, it means that the affordable care act's economics don't work. there isn't the resources to sustain the plan. so the president has got to get everybody involved. and that speech, harris, i think he's just tilting at wind mills. >> so then we would call it the ca, and take out the affordable. >> unaffordable. >> an
challenge to the possibility that white africanas can walk aawith an economy and privileges they had before it all begins to unravel. >> those young people are not only those people -- the young people living in south africa who are bearing the brunt of this violent regime and are willing to go to even more extreme lengths to make sure that apartheid crumbled but also the solidarity, then, with the international group of young people who make apartheid their fundamental -- >> and that was such a key point that all over the world -- and we talk about immigration and talk about the fast food movement. we have to look right now at the movement that ultimately took down apartheid. it was especially young people on college campuses, workers, not on college campuses, the polaroid worker who is said we're not going to be part of the company that provides the photos for the passbooks in south africa. it was this economic threat from the more radical young people and from youk people all over the world -- i mean, the campus movement in the united states was immense, very threatening to establishment
, thanks. >>> we want to turn to encour e encouraging news when it comes to the economy. the unemployment rate has turned to its lowest rate in five years. kristen welker has more. >> reporter: the economy added 203,000 jobs in november. surprising some economists say, especially in the wake of the government shutdown and they say it could be an indication the recovery is about to take off, despite the political gridlock here in the nation's capital. neil bloomen that is all launched up this eye store three years ago in new york. these days he sees signs the economy is recovering. >> we have more than doubled in sales and next year, we are planning to high about 150 people. >> reporter: that hiring trend reflects what is happening throughout the country with news friday that employers added more than 200,000 jobs for each of the last four months. in november, many were good paying jobs. 40,000 in education and health care. 27,000 manufacturing jobs added. 17,000 construction jobs. >> now we are getting consistent job reports plus 200 and that is positive and positive not only for the econ
your moving expenses to work at mcdonald's because that's what that local economy warrants. that's where you got to go. >> it's interesting, you go to places and that's really a beautiful thing. you talk about north dakota, what they're doing is incredible when you think of it. i love to see what's happening out there. they're doing an amazing job. we should be doing it in new york and other places because we're not. that, i can tell you. >> this administration has been pushing fairness and we got to get the living wage up higher. ultimately focusing on the minimum wage, we should be focusing on getting people good-paying jobs. >> we should be focused on getting our economy we should be focused on being competitive again as a nation and if you get minimum wage, that will be higher. that's really what will get it up. >> is it back? we heard some encouraging numbers on friday. we're growing at over 3% and now unemployment is at a low of 7%. do you feel it's back? >> no, it's not back. those numbers are totally false. there was a big column in a newspaper that those numbers are fud
a sixth of our entire national economy. >> awe con -- au contraire. you quote valerie jarrett. >> you have a president, and all presidents have a sense of their vulnerabilities but they need to surround thhmselves with people who recognize their shortcomings. the president in a sense is very detached. he's not great at the hands-on at management. he's essentially admitted that. but people like valerie jarrett around him don't challenge that. they reenforce this notion that he's so brilliant that he's bored with these meetingsant doesn't need to participate. >> she says the problem is president obama knows how smart he is and he's been bored to death his whole life. he's too talented to do what ordinary people do. he would never be satisfied with what ordinary people do. >> because he is up there and we are down here. >> that sound like me. >> it does. >> exactly like me. >> you're not president. it's coming. >> here's the big picture, the one thing i look at right now is the president of the united states either has to back up this plan, get behind the plan, or actually distance himself ab
issue from the bucket, economy, jobs, health care, immigration you name it they will stand in the way of quote giving him a win. they don't want him to succeed. as we know, there have been two books wren that republicans collude before he was inaugurated to insure he would not be successful. so a president's job is to be hopeful and optimistic. that's what the president is being here, but that's not to say that he shouldn't try. because the president, while hopeful and optimistic. he's dealing with all these obstruction and impediments, he has to try, otherwise why be in the job? >> what's the point of the job. isaac, when you watched the interview, it was sort of interesting to watch a president expound at length about what it's like to be president while he's president. it is sort of an interesting experience we don't get to see. what were you seeing? what were you taking away from what you heard the president talking about this week? >> this was the first interview obama has done in a few weeks where he seemed back on hills game, he seemed confident, feisty. happy, the last few tim
later, it was a nod to the economy. the president promoting small business saturday by gift shopping at a local washington bookstore with the first daughters. and maybe it's the holiday season, but in an interview with abc's barbara walters on friday night, the president was downright optimistic, despite the fact -- despite facing the grinch-like poll numbers of his presidency. saying, quote, the good thing when you're down is usually you've got nowhere to go but up. let's get right to our panel here in new york, msnbc political analyst, jonathan alder, and in washington, msnbc analyst and former rnc chairman, michael steele. and who is never grinchly, michael steele. >> no, never. >> in the spirit of the holiday season, i would like you to tell us, as we're 11 or 12 days before the next recess, what have the republican members of congress, other than throwing a lot of shade at healthcare.gov, what have they fliaccomplished 2013? >> not a lot. that's obvious. this congress has done very, very little. there are eight working days left in its year. and, you know, at the end of the day,
to establish with every single asian economy except china. >> tremendously important to japan and the united states. >> and japan's not necessarily been on board with this as much as all the other southeastern asian countries are. right. that's true. so even though the concentration has been on the senekaku island and so forth, the tpp really is the ball game as far as the continuity of the relationship and quite apart from the fact that japan has interests certainly in south korea and vice versa where the vice president is headed. >> it's a tricky relationship. the japanese and south korea aren't exactly -- they're allies but scent cal of each other. >> not only that, but the south koreans feel they provided slave labor for the japanese, that they haven't been fully compensated. so they still want payment. the japanese settled that a long time ago. so the south korean prime minister in saying that, as a matter of fact, our problem with the japanese is much greater than that with china, that's any first trip should be to china, not to japan. >> that was a little bit of a snub as far as the j
at a restaurant and turning it into math mat kill thinking. those things we know are valuable in the economy today, higher order skills are being neglected in the u.s. >> right, that seems particularly scary. >> anderson, what is most scary about it along those lines, until about ten years ago, one consolation was the very best american students did pretty well. we ranked, the best kids in mastz ma massachusetts with were singapore and korea. our best students are not up there with shang high, south korea. >> does this have to do with funding in the united states? >> up simple difference if you look at these other countries, particularly the good ones, they spend more on poor kids, disadvantage on the theory they need the most help. our system, as you know, is funded by property taxes. we do the opposite. we tend to spend lots of money on suburbs and spent less money in inner city harlem and places like that and those kids, those disadvantaged kids never have a chance to catch up. >> amanda, what's the take away? >> it's true with what reed is saying. we should put much more attention on raising t
the economy, education programs and what not. so -- but the reality is, this schedule looks nothing like the nancy pelosi speakership schedule that we used to have. i mean, we were working four or five days a week, week after week after week. passing legislation, getting things done. so the only thing that concerns me more than us not being here is the fact that when we are here, we're not getting anything done. like the end a bill and other things we should be passing here. we're not doing anything while we're here. >> speaker boehner says that they're there to prevent bad laws from getting passed. what's your response to that? >> well, i mean, look at the -- employee oh nondiscrimination act bill. we haven't even acted upon that. you know, that's a good piece of legislation that supports the founding principles of our country, but no time to act on that. we need a transportation bill. to get people back to work, reinvest back into the united states. we need a budget, for god sake, and we can't even getting a budget passed out of the house when the senate has wanted to meet on numerous
to the economy. sounds like good news, but some economists say the numbers mask a pervasive problem just beneath the surface. record high unemployment among young americans. put these numbers into context, economist in the university of maryland business professor is here with us. good morning. >> good morning. >> so these numbers are being trumpeted all around by the president's supporters on various broadcasts we did yesterday as great news, but you say they're not what they appear to be. why? >> well, simply, the quality of jobs are not very good and most young people really are having a terrible time getting started in careers. you know, college graduates are still working at starbucks and the like, and we have a lot of college graduates who are really graduate students, not learning very much, because they can't find a job. piling up a lot of debt and so forth. >> so at what point is this assumption that every person needs to go a four-year college and then get a graduate degree going to fold under the weight of the counterevidence maybe it's smarter to join the work force earlier? >> i thi
weeks, you're causing them to be part of this perpetual unemployed group in our economy. >> helping unemployed workers does them a disservice? that's heartless, clueless, and gutless all rolled into one. right now a majority of americans want to raise the minimum wage. but here's the response from another top republican. >> you don't want to raise the minimum wage to the point you're losing jobs. if you raise it too high, you'll have fewer jobs and fewer opportunities particularly for these young people. >> so giving the lowest paid workers a fair wage threatens the economy? that, too, is clueless, heartless, and gutless. and what about gutting $40 billion in food stamps over ten years? that's what house republicans want. the congressional republicans with the median net worth of nearly $900,000. and now at a time of crisis they want to turn their backs on the unemployed. and on young people. like 11-year-old deshani. living in poverty through no fault of her own. america, we are better than this. and the gop, the party of lincoln should be better than this. joining me now is democr
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